Pro-crypto advocate Ammon Simon appointed chief counsel to Senate Banking Committee

Key Takeaways

Ammon Simon has been appointed Chief Counsel for the US Senate Committee on Banking, Housing, and City Affairs.
Simon’s appointment is predicted to affect crypto regulation, selling innovation with investor safety.

Ammon Simon has been appointed Chief Counsel for the US Senate Committee on Banking, Housing, and City Affairs, in response to his LinkedIn announcement.

Simon beforehand served as counsel to SEC Commissioner Hester M. Peirce, the place he centered on regulatory insurance policies for crypto property and rising monetary applied sciences.

Throughout his tenure on the SEC, he labored to facilitate dialogue between the company and trade stakeholders on issues together with advisory shopper asset safety.

His prior roles embody serving as Chief of Workers and Senior Counsel to the Normal Counsel on the Division of Housing and City Improvement throughout the Trump Administration.

He additionally labored as Banking Counsel for Senator Ben Sasse, the place he offered steering on monetary market rules.

Simon holds a J.D. from Columbia Legislation Faculty and a B.A. in Political Science and Economics from Wheaton School, the place he was an FPE Fellow finding out religion, politics, and economics.

The Senate Banking Committee is presently engaged on legislative initiatives to combine digital property into conventional monetary programs.

Simon’s appointment comes because the committee addresses regulatory frameworks for the crypto sector.